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Bill Text

To reform laws relating to small public housing agencies, and for other
purposes.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Small Public Housing Agency
Opportunity Act of 2012''.

SEC. 2. FINDINGS AND PURPOSE.

(a) Findings.--Congress finds the following:
(1) Although small public housing agencies are numerous,
they administer only a small fraction of the financial
resources provided under the Federal housing programs.
(2) The oversight of small public housing agencies by the
Department of Housing and Urban Development is disproportionate
to the financial risk the operations of these agencies pose to
the Federal Government.
(3) Small public housing agencies perform better than
larger agencies, as public housing agency performance is
presently measured by the Federal Government.
(4) The Department of Housing and Urban Development should
deploy its administrative oversight resources in a manner that
reflects relative risk to the Federal Government.
(5) Regulatory and administrative burdens that may be
reasonable for larger public housing agencies may not be so for
smaller public housing agencies with more limited resources.
(6) Eliminating unnecessary or unreasonable regulatory and
administrative burdens will improve the effectiveness of small
public housing agencies as providers of housing assistance to
low income families.
(7) Small public housing agencies and their residents would
benefit from, and small public housing agencies should be
afforded, maximum flexibility in the use of their resources.
(8) Congress and the...